New business density (new registrations per 1,000 people ages 15-64) in Laos
Laos: New business density (new registrations per 1,000 people ages 15-64) was 1.57 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
New business density in Laos, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
Laos recorded 1.57 new registrations per 1,000 people ages 15-64 for new business density in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 19.2% on the previous year and up 578.3% over ten years.
Over the whole period, new business density in Laos peaked at 1.57 new registrations per 1,000 people ages 15-64 in 2024 and was at its lowest, 0.154 new registrations per 1,000 people ages 15-64, in 2008.
That places Laos 110th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New business density (new registrations per 1,000 people ages 15-64) in Laos, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2008 | 0.154 new registrations per 1,000 people ages 15-64 | — |
| 2009 | 0.4657 new registrations per 1,000 people ages 15-64 | +202.3% |
| 2010 | 0.1963 new registrations per 1,000 people ages 15-64 | -57.9% |
| 2011 | 0.204 new registrations per 1,000 people ages 15-64 | +3.9% |
| 2012 | 0.3171 new registrations per 1,000 people ages 15-64 | +55.5% |
| 2013 | 0.3162 new registrations per 1,000 people ages 15-64 | -0.3% |
| 2014 | 0.2313 new registrations per 1,000 people ages 15-64 | -26.8% |
| 2015 | 0.2385 new registrations per 1,000 people ages 15-64 | +3.1% |
| 2016 | 0.2615 new registrations per 1,000 people ages 15-64 | +9.7% |
| 2017 | 0.2937 new registrations per 1,000 people ages 15-64 | +12.3% |
| 2018 | 0.3544 new registrations per 1,000 people ages 15-64 | +20.7% |
| 2019 | 0.7059 new registrations per 1,000 people ages 15-64 | +99.2% |
| 2020 | 0.582 new registrations per 1,000 people ages 15-64 | -17.6% |
| 2021 | 0.6087 new registrations per 1,000 people ages 15-64 | +4.6% |
| 2022 | 0.9181 new registrations per 1,000 people ages 15-64 | +50.8% |
| 2023 | 1.32 new registrations per 1,000 people ages 15-64 | +43.4% |
| 2024 | 1.57 new registrations per 1,000 people ages 15-64 | +19.2% |
Laos compared with similar countries
- Laos's 1.57 new registrations per 1,000 people ages 15-64 is above the median for lower middle income countries, which is 1.07 new registrations per 1,000 people ages 15-64, 1.5× the median. (42 countries reporting)
- Laos's 1.57 new registrations per 1,000 people ages 15-64 is below the median for East Asia & Pacific, which is 1.67 new registrations per 1,000 people ages 15-64, 94% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where New business density (new registrations per 1,000 people ages 15-64) in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +202.3% | 0.154 new registrations per 1,000 people ages 15-64 | 0.4657 new registrations per 1,000 people ages 15-64 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3099 new registrations per 1,000 people ages 15-64 | 0.154 new registrations per 1,000 people ages 15-64 | 0.4657 new registrations per 1,000 people ages 15-64 | 2 |
| 2010s | 0.3119 new registrations per 1,000 people ages 15-64 | 0.1963 new registrations per 1,000 people ages 15-64 | 0.7059 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 0.9989 new registrations per 1,000 people ages 15-64 | 0.582 new registrations per 1,000 people ages 15-64 | 1.57 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Laos
- 107 Ecuador 1.59 new registrations per 1,000 people ages 15-64 compare
- 108 Vanuatu 1.58 new registrations per 1,000 people ages 15-64 compare
- 109 Gabon 1.57 new registrations per 1,000 people ages 15-64 compare
- 111 Angola 1.55 new registrations per 1,000 people ages 15-64 compare
- 112 Zambia 1.5 new registrations per 1,000 people ages 15-64 compare
- 113 Lesotho 1.47 new registrations per 1,000 people ages 15-64 compare
More private sector data for Laos
- Merchandise trade 124.1% (2025)
- Food imports 12.7% (2023)
- Manufactures imports 61.7% (2023)
- Merchandise imports 10.34 billion current US$ (2025)
- Commercial service imports 1.65 billion current US$ (2025)
- Food exports 23.2% (2023)
- Manufactures exports 32.8% (2023)
- Merchandise exports 12.38 billion current US$ (2025)
- Commercial service exports 1.83 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,572 current US$ per person (2025)
Frequently asked questions
- What is new business density in Laos?
- New business density in Laos was 1.57 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Laos?
- The highest recorded value was 1.57 new registrations per 1,000 people ages 15-64 in 2024.
- What is the lowest new business density recorded in Laos?
- The lowest recorded value was 0.154 new registrations per 1,000 people ages 15-64 in 2008.
- How does Laos rank for new business density?
- Laos ranks 110th out of 177 countries with data for 2024.
- Is new business density rising or falling in Laos?
- Over the last ten years it is up 578.3%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.